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Date/Time: Fri, 29 Mar 2024 07:31:42 +0000



[User Discussion] - Numbers Bars Pullback

View Count: 728

[2018-12-14 13:56:17]
lpfin123 - Posts: 59
Good morning,

I've read, think, tried different things but I still have the same problem with the Pullback function with Number bars.

Maybe I am not using it properly, but here's my issue:
I'm usually looking for a pullback of 10-20 ticks, the problem that I have with the pullback bar is the reset on new low or high of the bar.

As an example, with a 5min bar chart:
Let's say if it is 8:59, and CL is trending up and I am waiting for a pullback. 9:00:01, I have now a new bar, and still waiting for my pullback. Since I just got a new bar, the bar length is probably 1 or 2 ticks, which means that my pullback column will reset if I hit a new low...but for me, it was still a pullback for the uptrend and the numbers don't mean anything anymore.

I am now using range bars with a customized control bar that gives me shortcut to multiple size of range bars. That solzes 90% of the issue but there is still occasions where the bars close simultaneously and I am stuck with the same problem.

Maybe there is already something that can be done, if not, I believe that if we can have the option to have the pullback column reset at the previous bar low/high instead of the current bar this would solve the issue.

I hope I explained my problem clearly. Let me know if it is not.

Thank you for your time,

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